ICMAP calls for turning Google’s entry into a digital growth opportunity
KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA), in its latest Economic Signal, “Can Pakistan Turn Google’s Entry into a Digital Growth Opportunity?”, has identified Google’s expanding presence in Pakistan as an opportunity to accelerate digital transformation, strengthen human capital, and build a stronger digital export ecosystem. The report notes that Pakistan’s…
KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA) has proposed transforming Google's entry into a digital growth opportunity for Pakistan in its latest Economic Signal report titled "Can Pakistan Turn Google’s Entry into a Digital Growth Opportunity?". The report highlights that with 46.3 million young people aged 15–24, Pakistan's demographic strength can be leveraged to build a globally competitive digital workforce.
It also emphasizes the potential of Artificial Intelligence, which is estimated to add PKR 4.4 trillion to the Gross Value Added (GVA) and create a USD11.55 billion export opportunity. However, the report cautions that merely having multinational technology presence is not enough for broad-based economic gains. ICMA urges for stronger industry-academia linkages, demand-driven digital skills, predictable tax and regulatory incentives, and a greater focus on startups, research, intellectual property, and technology exports.
The strategic objective, according to ICMA, should be to shift Pakistan from being a technology-consuming market to a digital production, innovation, and export hub.
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